Avenue Therapeutics Inc (ATXI) Stock Split History

Avenue Therapeutics Inc has split its stock 2 times since its initial public offering (IPO). The first stock split occurred on September 23, 2022 with the ratio of 1-for-15, meaning that for 15 shares of ATXI owned pre-split, shareholders then owned 1 share. The most recent stock split took place on April 26, 2024 on a 1-for-75 basis.

These actions have increased ATXI stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that a stock split only change the number of shares and the price per share with no impact on Avenue Therapeutics Inc's total market capitalization.

For more detailed information of Avenue Therapeutics Inc's stock splits, view the table below:

The answer will depend on the decisions of the company's managers and market volatility. Avenue Therapeutics Inc has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when ATXI stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Avenue Therapeutics Inc's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.